A development team has closed on $94 million in financing for a plan to bring 250 apartments, retail space and a new gallery to the Newark Museum of Art’s campus on Central Avenue.
The Newark Summit for Real Estate, Economic Development & Placemaking is set to return after making its high-profile debut last year in the state’s largest city.
A developer is slated to bring 250 apartments and retail and dining space to downtown Newark as part of a newly announced, $85 million campus around The Newark Museum of Art.
A high-profile redevelopment project in Newark was honored Friday before a crowd of more than 500, winning an annual award from the United Way of Northern New Jersey.
The Newark Museum has debuted a newly renovated main entrance and interior as part of an effort to connect the institution with the city’s rejuvenated downtown streetscape.
As the state Supreme Court weighs the issue of affordable housing, stakeholders will gather later this month to shed light on the issue and tackle one of New Jersey’s most divisive and seemingly unsolvable public policy questions of the past three decades.
